Bulgaria

Nuclear power plant project to cost EUR 9bn
Novinite, 2010-08-26
Bulgarian Minister of Economy and Energy, Traicho Traikov, has announced that the cost for construction of the second nuclear power plant in Belene town has reached EUR 9bn (USD 11.48bn). He said that the government is holding talks with Russia with a goal to reduce the price. The minister confirmed that Greece and Serbia also expressed interest in the project.

Finland

Court rejects appeal on Fortum's takeover of E.ON Finland
Press Release, 2010-08-27
Finland's Supreme Administrative Court has rejected an appeal from the Finnish Competition Authority (FCA) regarding a ruling by the country's Market Court. The Market Court had found that power utility Fortum's takeover of E.ON Finland in 2006 did not give Fortum a dominating market position or strengthen the company's market position. The Supreme Administrative Court ruled that Fortum did not have a dominating market position in electricity generation and wholesale trade of electricity, given that the relevant geographical area of the market encompassed at least both Finland and Sweden.

RWE CEO planning restructuring
Handelsblatt, 2010-09-02
Jürgen Großmann, CEO of RWE, is planning a restructuring at the German energy group in an effort to curtail the influence of the municipal shareholders. RWE is to be converted into a Societas Europaea (SE) which will serve as the holding company. According to Großmann's plans, RWE's operations on the domestic market are to be bundled in a new unit [RWE Deutschland] that is to be positioned under the holding company. Later on, RWE's municipal shareholders are to exchange their 25% stake in the holding company against an almost 50% stake in the German unit.

Russia

Rosatom to build nuclear power plants on base of co-financing
RBC Daily (online), 2010-08-23
Rosatom has disclosed details of a new scheme to build nuclear power plants in other countries. It envisages not only construction of NPP, but also purchase of shares in projects by Rosatom. Construction of NPP in Armenia will be the first project to be implemented by the new scheme. Rosatom will finance about 20% of construction cost considering investments payback period within 20 years.

Spain

Wind energy capacity reached 19,876MW at the end of June 2010
Energias Renovables, 2010-09-02
According to figures published by the Spanish association of wind energy producers AEE, at the en of the first six months of 2010, the total wind energy capacity in Spain was of 19,876MW and it is expected to reach 20,155MW by the end of the year. During the first half of 2010, some EUR 2.30 (USD 2.95) from the electricity bill of homes in Spain was used to pay the industry's subsidies which totalled EUR 863mn (26% of the energy sector's total).

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Vattenfall is a European energy company with approximately 20,000 employees. For more than 100 years we have electrified industries, supplied energy to people's homes and modernised our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation.